新闻
CDL HTrust: Marks Maiden Entry Into The Largest Economy In Europe Through Munich, Germany & Launches S$255.4 Million Rights Issue.
28 Jun 2017 09:48Acquisition of a hotel with a 4-star rating, located in close proximity to major business districts, which will be fully funded by debt financing. Property price of 98.9 million with net property income yield of 5.6% for FY 2016. Rare opportunity to acquire a high quality asset in Munich with exposure to diversified demand drivers and to capitalise on the low funding environment. Strengthens portfolio and earnings base through diversification. Rights issue to enhance financial flexibility through reduced gearing and increased debt headroom...
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Source: ShareInvestor Express
